Primary Health Properties (LON:PHP) Insider Acquires £49,758.72 in Stock

Primary Health Properties Plc (LON:PHP) insider Richard Howell purchased 53,504 shares of Primary Health Properties stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average price of GBX 93 per share, with a total value of £49,758.72.

Richard Howell also recently made the following trade(s):

• On Friday, October 23rd, Richard Howell acquired 54,659 shares of Primary Health Properties stock. The stock was purchased at an average cost of GBX 91 per share, with a total value of £49,739.69.
• On Friday, October 23rd, Richard Howell acquired 759 shares of Primary Health Properties stock. The stock was purchased at an average cost of GBX 91 per share, with a total value of £690.69.

Primary Health Properties Trading Up 0.2%

LON PHP opened at GBX 94.15 on Friday. Primary Health Properties Plc has a twelve month low of GBX 88.30 and a twelve month high of GBX 109.60. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88. The stock has a market cap of £2.44 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 5.64 and a beta of 0.79. The firm’s 50 day moving average price is GBX 92.49 and its two-hundred day moving average price is GBX 95.76.

Primary Health Properties (LON:PHP) last announced its earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. Equities analysts anticipate that Primary Health Properties Plc will post 7.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PHP. Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Berenberg Bank reduced their price objective on Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating for the company in a research note on Monday, October 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 107 price objective on shares of Primary Health Properties in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 price objective on shares of Primary Health Properties in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 112.60.

Primary Health Properties Company Profile

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.